Year-end volumes for 2022 in Central and Eastern Europe could reach in excess of €12 billion but uncertainty around the war in Ukraine and economic headwinds, could impact this prediction, reveals a report by Colliers: CEE Investment Scene  Q1 2022.

For the first quarter of 2022, the growth of the Czech industrial market and the recovery of industrial production were not stopped even by outages in the supply chains. This quarter also continued to see a sharp rise in rents in almost the entire country. The market for industrial premises will continue to grow, but over the year the full effects of the war in Ukraine will be felt and construction may slow down slightly, reports Colliers.

The group entered the market with the acquisition of Le Masserie shopping centre in southern Sicily and a portfolio of 13 supermarkets, located mainly in Northern Italy. 

House prices in Hungary have reached a new record in 2021. In Q4 2021, the biggest jump occurred in secondary cities compared to the last quarter of 2020 (25% year-on-year) followed by Budapest (11% year-on-year), the National Bank of Hungary (MNB) reports.

Ghelamco launches the construction of photovoltaic farms with a total capacity of 10 MW. By 2024 the company intends to achieve energy neutrality. Warsaw UNIT will be the first skyscraper in Poland powered entirely by clean electricity.

Newly approved building regulations in Slovakia will significantly reduce the endless waiting for building permits. Thanks to advanced digitalisation, the individual processes and the timeframes for their execution are shortened. Builders will thus be able to calculate the capital invested and the entire work schedule more accurately. Therefore, a new Office for Spatial Planning and Construction is being established as a central state administration body, as well as a specialised construction office for the so-called EIA of construction at the Ministry of the Environment, webnoviny.sk informs.

Immofinanz has just leased the last free unit in its Hungarian Stop Shop portfolio, reaching a 100% occupancy rate. The newest and last tenant is Sportisimo in Stop Shop Keszthely. The company has roughly 136,000 sqm of fully leased retail space in 14 locations across Hungary. 

Many office developers expect to see a supply gap in Warsaw over the next few years and some are ready to take advantage of this opportunity. Jeroen van der Toolen, Managing Director – CEE at Ghelamco talked to Property Forum about the changes in the Polish office market, the incoming supply gap and the company`s interest in the PRS sector.

JLL is expanding its leadership in the Czech Republic. As of 9 May 2022, it has a new Director of Industrial and Logistics Agency in the Czech Republic.

New international hotel chains will appear in Budapest for the first time. Budget hotels will remain competitive. Slow recovery of conference tourism gives some hope to the hospitality industry in Hungary, Csaba Tóth, Director, Head of Hotels at CBRE Hungary says to Property Forum.